7689 Devonshire Dr #31-303AlexandriaKY41001
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Alexandria at 7689 Devonshire Dr #31-303, Alexandria, KY, 41001 generates $2,792/mo in rent and, after a $1,594/mo payment, leaves $573/mo in cash flow. Total monthly income is $2,792/mo, and annual cash flow is $6,876/yr on $107,942 invested. Return on cash invested sits at 26.28% in year one, and rental yield is 10.29% on a $325,617 entry. Equity gained on principal adds $2,101/yr, while 5% annual appreciation builds toward $89,962 over five years. Five-year ROI reaches 137.82% and total cumulative return in cash sums $148,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,792/mo property income rather than buyer’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$237 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41001, Alexandria, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,022 (100%) |
| Owner Occupied HU | 6,498 (81.0%) |
| Renter Occupied HU | 1,199 (14.9%) |
| Vacant Housing Units | 325 ( 4.1%) |
| Median Home Value | $313,155 |
| Average Home Value | $363,314 |
Housing Distribution
Address Breakdown
Residential
8,104
Single Family
7,649
Multi-Family
455
Businesses
385
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Nearby investment properties with comparable prices
Listed by: Al Hencheck • HMS Real Estate
Mls Name: NKMLS
Mls Provider:
Mls ID: #622762
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2023 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.